GREATER BRIDGEPORT SYMPHONY SOCIETY INC

EIN: 066012460 501(c)(3)

Bridgeport, CT

Total Revenue
$398,352
Total Expenses
$360,615
Total Assets
$232,676
Net Assets
$146,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
CT
Principal Officer
MARK HALSTEAD
Phone
2035760263
Tax Period
2024-05-01 to 2025-04-30

GREATER BRIDGEPORT SYMPHONY SOCIETY INC, founded in 1946, is a small nonprofit that reported $398K in total revenue in fiscal year 2024. Expenses of $361K left a modest 9% surplus.

Mission

TO PRESENT ORCHESTRA CONCERTS THROUGH THE GREATER BRIDGEPORT SYMPHONY ORCHESTRA AND EDUCATIONAL PROGRAMS. THE SOCIETYS OBJECTIVE IS TO BRING ENRICHING MUSICAL PERFORMANCES TO PEOPLE THROUGHOUT THE GREATER BRIDEPORT AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $282,091
Program Service Revenue $66,363
Investment Income $8,442
Other Revenue $41,456
TOTAL REVENUE $398,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,145
Fundraising Expenses $9,783
Program Expenses $283,437
Other Expenses $152,470
TOTAL EXPENSES $360,615

Year-over-Year Comparison

2024 2023 Change
Revenue $398,352 $386,480 +0.0%
Expenses $360,615 $601,319 -0.4%
Net Income $37,737 $-214,839 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
109
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$60,000
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS CORTESE EXECUTIVE DIRECTOR 0.00
Officer
$60,000 $0 $60,000
SANDRA ZALIK TREASURER 0.00
Officer Director
$0 $0 $0
MARK HALSTEAD PRESIDENT 6.00
Officer Director
$0 $0 $0
BRUCE LORENTZEN TRUSTEE 6.00
Director
$0 $0 $0
JUSTIN F HARRINGTON ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD A CERRATO CORPORATE SECRETARY 4.00
Officer Director
$0 $0 $0
KEN STAFFEY IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
TAMAR BEACH WELLS INTERIM CHAIR ORCHESTRA COMMITTEE 2.00
Officer Director
$0 $0 $0
HENRY C BANACH TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL W BANTEN TRUSTEE 3.00
Director
$0 $0 $0
JOSEPH M BIERBAUM TRUSTEE 1.00
Director
$0 $0 $0
BRIAN FALKOWSKI TRUSTEE 2.00
Director
$0 $0 $0
FRANK GALLINELLI VICE PRESIDENT 6.00
Officer Director
$0 $0 $0
DOC HERMALYN TRUSTEE 3.00
Director
$0 $0 $0
LUIS R MEZA LEAL TRUSTEE 2.00
Director
$0 $0 $0
FRANK MARTIGNETTI TRUSTEE 8.00
Director
$0 $0 $0
YASMINNE MORGAN TRUSTEE 1.00
Director
$0 $0 $0
KATHY MCCARTHY TRUSTEE 1.00
Director
$0 $0 $0
DAVID MESTRE TRUSTEE 2.00
Director
$0 $0 $0
EDWARD L PIQUETTE TRUSTEE 1.00
Director
$0 $0 $0
ROGER N POCOCK TRUSTEE 2.00
Director
$0 $0 $0
NANCY WESTCOTT POCOCK TRUSTEE 3.00
Director
$0 $0 $0
LISA V TASI TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN TAYLOR TRUSTEE 3.00
Director
$0 $0 $0
HINDA M WOLF TRUSTEE 1.00
Director
$0 $0 $0
DORIS HARRINGTON CHAIRMAN 2.00
$0 $0 $0
CHRISTINE M KUDRAVY TRUSTEE 4.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $398,352 $360,615 $232,676 $37,737
2024 $386,480 $601,319 $175,038 $-214,839
2023 $640,765 $708,998 $344,716 $-68,233
2022 $528,531 $459,872 $436,557 $68,659
2021 $515,893 $333,606 $402,585 $182,287
2019 $525,818 $544,815 $210,509 $-18,997
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